Regional & International Economy

Forty countries have confirmed participation in the upcoming Eastern Economic Forum, the press service for the Roscongress foundation said. “A month before the opening of the 7th Eastern Economic Forum, representatives of 40 countries have confirmed their participation in it. Such significant interest in the forum shows that the Eastern …

The government is giving priority to sending skilled workers abroad to help boost remittance inflow, said Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad on Thursday. He said there is a good demand for Bangladeshi workers in different countries, which are emphasising hiring skilled workers having language expertise. “We believe …

Three ships carrying a total of 58,041 tonnes of corn have been authorised to leave Ukrainian ports on Friday as part of a deal to unblock grain exports, as a Russian offensive forced Ukraine to cede territory in the east. The first vessel carrying Ukrainian grain allowed to leave port …

Grameen Euglena, a joint venture between Japan’s Euglena Co Ltd and Bangladesh’s Grameen Krishi Foundation, has been processing moong dal collected from Patuakhali and exporting it to Japan since 2018. And although the company’s exports had declined due to various difficulties amid the Covid-19 pandemic, the situation has now normalised …

The wage growth in Bangladesh declined to a seven-year low of 6.06 per cent in the last fiscal year, highlighting the struggle low-paid workers are facing owing to the higher cost of living, official figures showed. The growth rate in 2021-22 is six basis points lower than the previous fiscal …

Merchandise exports from Bangladesh grew 15 per cent year-on-year to $3.98 billion in July, giving a much-needed breather to the country amid global uncertainty and foreign exchange crisis, official figures showed yesterday. The higher overseas sales came after imports fell 31 per cent to $5.5 billion and remittances went up …

India’s foreign exchange reserves fell by $7.5 billion to $572 billion during the week ended July 15, according to data released by the Reserve Bank of India (RBI). Reserves fell to a 20-month low following heavy intervention by the central bank in the forex market as it sold dollars to …

Centre for Policy Dialogue distinguished fellow Debapriya Bhattacharya on Thursday said that the government would face challenges in payment of growing external debt from 2024. The country’s external debt repayment would be around 2 per cent of the gross domestic product from 2024 following maturity of many projects, he said. …

Surging petrol and food prices last month pushed British inflation to its highest rate in 40 years, according to official figures that bolstered the chances of a rare half percentage-point Bank of England interest rate hike next month. The Office for National Statistics said annual consumer price inflation rose in …

Inflation has hit an eight-year high at 7.56 percent in June, fueled by a record food inflation of 8.37 percent, the latest data from Bangladesh Bureau of Statistics (BSB) showed on Tuesday. Point-to-point inflation was recorded at 7.42 percent in May when food inflation was slightly lower at 8.30 percent. …